JX Luxventure Group Inc (NASDAQ:JXG) Short Interest Down 43.4% in July

JX Luxventure Group Inc (NASDAQ:JXGGet Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 2,926 shares, a decline of 43.4% from the July 15th total of 5,168 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 2,912 shares, the short-interest ratio is currently 1.0 days.

JX Luxventure Group Stock Performance

NASDAQ JXG traded up $0.24 during midday trading on Monday, hitting $7.34. The company had a trading volume of 454 shares, compared to its average volume of 1,441. The firm has a fifty day simple moving average of $9.10 and a two-hundred day simple moving average of $6.15. JX Luxventure Group has a fifty-two week low of $3.01 and a fifty-two week high of $16.50.

JX Luxventure Group (NASDAQ:JXGGet Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported ($11.33) earnings per share (EPS) for the quarter. The firm had revenue of $28.88 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded JX Luxventure Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, JX Luxventure Group currently has an average rating of “Sell”.

Read Our Latest Research Report on JX Luxventure Group

Hedge Funds Weigh In On JX Luxventure Group

An institutional investor recently bought a new stake in JX Luxventure Group stock. HRT Financial LP acquired a new position in JX Luxventure Group Inc (NASDAQ:JXGFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned 15.48% of JX Luxventure Group at the end of the most recent quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

About JX Luxventure Group

(Get Free Report)

JX Luxventure Group Inc is a special purpose acquisition company incorporated in Delaware. As a blank check entity, it has no commercial operations of its own and was established to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company’s sponsors and management team bring experience in financial services, corporate finance and mergers and acquisitions.

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